72 UNITS IN NEW BERN, NC

Price:

$2,500,000

Status:

Off Market

Address:

1300 Trent Blvd, New Bern, NC 28560, USA

Overview:

Located approximately one mile west of downtown New Bern, the Bearfoot Landing Apartments consist of 72 units built in 1945. The even mix of one- and two-bedroom apartments are spread among nine, brick buildings on more than 6.5 acres.

Residents enjoy easy access to Carolina East Medical Center, Twin Rivers Mall, numerous retail centers and historic New Bern. With more than 40 percent of the units vacant, eight of which are “down,” the property is well-positioned for the value-add investor at a price below $35K/unit.

Unit Information

UnitTypeSizeLeaseRent
36 UNITS1 BD / 1 BA550 SFSEE RENT ROLL$550
36 UNITS2 BD / 1 BA625 SFSEE RENT ROLL$650

Property Information

PIN 8-011-132 Tax Value $1,792,000
Taxes $20,501 Lot Size 6.58 ACRES
Year Built 1945 Exterior BRICK
Floors CARPET, VINYL, TILE, HARDWOOD Foundation CRAWL
HVAC HEAT PUMP, CENTRAL A/C, GAS FORCED AIR HEAT
Utilities OWNER PAYS WATER/SEWER, APRX. $2600/MO AND AREA LIGHTS, APRX. $400/MO Appliances RANGE, REFRIGERATOR, COMMON-AREA COIN LAUNDRY
Legal Description FIRST AND TRENT BLVD